Monday, February 22, 2010

Nieghborhood Groups & New Police Officers

"CHARLOTTE, N.C.-- With the addition of 51 new officers, Charlotte-Mecklenburg Police hope to see crime numbers drop even more.

Ed Garber of the Eastside Political Action Committee says the additional officers come as welcome news.

“It will definitely make a difference because, honestly, in Charlotte, the more cops you can get the better,” says Garber.

Garber says overall he feels his east side neighborhood is safe. He feels that only small pockets of crime along major streets and apartment buildings are the reason for a skewed view of the east side of town.

The new officers will be spread out among the department’s 13 divisions with five new officers going to the Eastway division which handles his neighborhood.

Here’s the breakdown of where the new officers will be going by division:

* Central Division 4
* North Tryon Division 4
* Hickory Grove Division 2
* Steele Creek Division 4
* Metro Division 5
* North Division 4
* Freedom Division 4
* Providence Division 4
* Eastway Division 5
* Westover Division 4
* Independence Division 5
* University City Division 3
* South Division 3"
~ Source: WCNC.com

Hopefully with this added security, we will see a boost in homes for sale in Charlotte.

Monday, February 15, 2010

Agent Spotlight: Hollis Blank


After relocating from a very active real estate market in South Florida, Hollis Blank immediately felt acceptance and the warm and accepting nature of the Charlotte area as she began to plant her feet in real estate.

She and her husband have lived on 3 continents in 10 years having established many lasting relationships. As a result Hollis has experience relocating and scouting properties. Conversant in several languages she maintains contacts in Spain, Mexico, China, Miami, and Germany, where her husbands family resides.

During her residency in South Florida, Hollis was active in the remodeling and construction industries, gaining valuable knowledge and insight into the intricacies of working with city and county officials. She knows first hand, the decision to sell a home is often dependent on many factors.

Whatever your reasons for selling, Henderson Properties proven effective marketing strategies will ensure you get the highest possible price for your home. Hollis will strive to provide you with professional, ethical and confidential service and keep you fully informed every step of the way.

For more information on our Charlotte North Carolina Homes, please contact Hollis today!

Tuesday, February 9, 2010

Selling by the Square Foot

"One of the biggest determining factors in determining comparable value is square footage.

When comparing the square footage of homes always try to keep comps as similar in square footage as possible. Figuring out the price of a home on a square footage basis is an excellent way to compare apples with apples. It becomes more complicated when one home has been renovated and another needs work. Don't compare a newly built home's price per square foot with an older home's price per square foot.

There's Square Footage and There's Square Footage

A square foot is defined as a two-dimensional square measuring one foot on each side. If you are looking at a home that seems a little smaller than the stated square footage, it might not be your eyes. Real estate brokers tend to measure square footage by inside room dimensions. Developers like to measure the exterior of the building. This can add considerable square footage to the home.

You also need to find out exactly what has been factored into the equation. Does the total measurement include basement space? Garage space? Deck space? Space on staircases? There's no standard way to measure square footage. Sellers will include every nook and cranny and buyers won't.

Do not solely compare the size of the land the property sits on and the price of the property. Lots sell for different prices than homes and the cost varies greatly from neighborhood to neighborhood. For example, if the house is in terrible shape, or is considered a "tear-down," a developer may only want to pay for the price of the lot, since tearing down and hauling away the existing structure is an added expense.

Side-by-Side Comparison

In some areas of the country, agents do not want to be liable for representing a total square footage of the property. Total square footage is not indicated on the listing sheet, but room dimensions are shown. The room count may not include bathrooms, hallways, closets, and other spaces. You might have to compare every room side by side and guesstimate total size.

In this instance, estimate the total square footage by multiplying the dimensions of each room. For example, if the bedroom is 10 feet by 12 feet, then the area, or square footage, is 120 square feet. Add up all of the room dimensions for a total square foot measurement. You may still have to estimate hallways and other spaces, but it gives you a good estimate.

After determining the size of the home you desire, the equation is simple. Just divide the listing price by the number of square feet and you will get the price per square foot. For example, a 1,000-square-foot condo priced at $300,000 costs $300 per square foot." ~ Source: Yahoo Real Estate

For more tips on selling your Charlotte Home, contact Henderson Properties!

Monday, February 1, 2010

Homebuyer Tax Credit Helps Economy Boom

"A new survey reveals that savvy consumers cashing in on the new and improved homebuyer tax credit are helping fuel economic recovery.

The vast majority of current homeowners say they would spend the expanded version of the homebuyer tax credit on repaying existing debts, home improvements, savings and investments and household expenses, according to a Coldwell Banker survey of 1,000 homeowners.

Paying off debts affords consumers more spending power, home improvements likewise put more equity money in their pockets and savings and investments generate income.

Consumer spending, of course, is the real fuel for the nation's economic engine. And much consumer spending is fueled by the housing market -- provided the housing market is energized.

Helping to energize the housing market and the economy is the idea behind the homebuyer tax credit and it's recent extension and expansion.

By October 2009, before President Obama signed the latest extension and expansion, more than 1.2 million tax returns had claimed about $8.5 billion in the refundable tax credit, for both new and resale homes - according to the Treasury Inspector General for Tax Administration (TIGTA).

The new law extends the existing credit for first-time homebuyers, worth up to $8,000, through April 30, 2010." ~ Source: Realtytimes.com
 
Best Regards,